First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Fund
FEFAX Fund  USD 30.81  0.06  0.20%   
The current 90-days correlation between First Eagle Fund and American Century Etf is 0.79 (i.e., Poor diversification). The correlation of First Eagle is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

First Eagle Correlation With Market

Almost no diversification

The correlation between First Eagle Fund and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Eagle Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with First Mutual Fund

  0.92FEBIX First Eagle GlobalPairCorr
  0.93FEBCX First Eagle GlobalPairCorr
  0.99FEAMX First Eagle FundPairCorr
  0.98FEAIX First Eagle FundPairCorr
  0.93FEBRX First Eagle GlobalPairCorr
  0.86FEGRX First Eagle GlobalPairCorr
  0.89FEGOX First Eagle GoldPairCorr
  0.89FEGIX First Eagle GoldPairCorr
  0.99SGENX First Eagle GlobalPairCorr
  0.92FEMAX First Eagle SmidPairCorr
  0.89SGGDX First Eagle GoldPairCorr
  0.95FEORX First Eagle OverseasPairCorr
  0.87SGIIX First Eagle GlobalPairCorr
  0.84FERAX First Eagle FundsPairCorr
  0.99FESGX First Eagle GlobalPairCorr
  0.9FESAX First Eagle SmallPairCorr
  0.84FERRX First Eagle FundsPairCorr
  0.91FESRX First Eagle SmallPairCorr
  0.94FESOX First Eagle OverseasPairCorr
  0.88SGOIX First Eagle OverseasPairCorr
  0.86FEVIX First Eagle ValuePairCorr
  0.98FEVAX First Eagle ValuePairCorr
  0.89FEURX First Eagle GoldPairCorr
  0.95SGOVX First Eagle OverseasPairCorr
  0.9VVIAX Vanguard Value IndexPairCorr
  0.91AWSHX Washington MutualPairCorr
  0.91WSHCX Washington MutualPairCorr
  0.88WSHFX Washington MutualPairCorr
  0.9FWWMX American Funds WashingtonPairCorr
  0.91FWMMX American Funds WashingtonPairCorr
  0.92DODGX Dodge Stock FundPairCorr
  0.91AMFFX American MutualPairCorr
  0.91AMFCX American MutualPairCorr
  0.76CII Blackrock EnhancedPairCorr

Moving against First Mutual Fund

  0.66IFN India ClosedPairCorr
  0.47IIF Morgan Stanley IndiaPairCorr
  0.42AMRMX American MutualPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between First Mutual Fund performing well and First Eagle Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Eagle's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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